On Friday, November 6, 2026, the United States Treasury bureau FinCEN instructed domestic financial institutions to cease processing transfers connected to MEXC Global. The federal order follows allegations that the exchange was involved in $16 billion worth of illicit transactions.
The event was documented by Cointelegraph staff writer Jona Jaupi and editor Ana Paula Pereira. Market prices during the publication listed Bitcoin at $75,934.66, Ethereum at $2,242.40, and Solana at $90.29.
For perpetual futures traders, this directive does not directly alter existing funding rates, trading fees, or contract parameters on MEXC or rival exchanges. However, restricting US financial institutions from processing transfers impacts direct capital movement, which may indirectly influence venue liquidity over time.
Source: cointelegraph — US Treasury cuts off MEXC over alleged $16B in illicit transactions